2060-2084 Cassells Street North Bay, Ontario P1B 4E2
$750,000
Legal seven unit rental in a perfect location for your tenants. Close to shopping, schools, major highway and everything beautiful North Bay has to offer. The property consists of 3- two bedroom, 3- one bedroom and 1- bachelor apartment. Two of the apartments are currently receiving a freshen up and tenants can be put in at new market rents or you can pick your own. Alternatively you can live in one unit and have the rest pay for your lifestyle. Once completed, estimated rental income will be $87,837 with expenses of $19,697 giving you $68,140 of net operating income. Currently offered at a 9.1 cap rate. This will be something you can proudly have in your investment portfolio. (id:47723)
Property Details
| MLS® Number | 40310823 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | School Bus |
| Features | Paved Driveway, Crushed Stone Driveway |
| Parking Space Total | 10 |
Building
| Bathroom Total | 7 |
| Bedrooms Total | 9 |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | None |
| Foundation Type | Block |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 3500 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Public Transit, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Frontage | 156 Ft |
| Size Irregular | 0.142 |
| Size Total | 0.142 Ac|under 1/2 Acre |
| Size Total Text | 0.142 Ac|under 1/2 Acre |
| Zoning Description | C4 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24779522/2060-2084-cassells-street-north-bay
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August 17 2022 03:55:55
North Bay Real Estate Board
Royal LePage Northern Life Realty, Brokerage